Altus Power Announces Acquisition of Community Solar Projects in Minnesota

Group 1 - Altus Power announced the acquisition of operational community solar projects in Minnesota, enhancing its ability to engage with various partners and manage capital effectively in changing market conditions [1] - The acquisition allows Altus Power to act as a long-term owner and operator, ensuring uninterrupted service for existing customers and providing a pathway for partners to transition assets responsibly [1] - The projects have been operational for over six years and serve a diverse range of local businesses, allowing the seller to realize value from noncore assets [1] Group 2 - Altus Power acquired 105 megawatts of in-construction solar assets from Cordelio Power, focusing on expanding its portfolio through high-quality, late-stage assets [1] - The company also acquired a 12 MW solar operating portfolio from Hecate Energy across four states, further expanding its presence in the Mid-Atlantic and Southeast markets [1] - Additionally, Altus Power announced the acquisition of a 234 MW portfolio of solar generation and storage assets from Greenbacker, marking one of the largest distributed generation asset purchases in recent years [1]